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GIC is fully entitled to determine the rates at which

Since the controversy involved in the petitions filed by several top pharma companies was common, the petitions were heard together.Mumbai: High premium rates for companies buying insurance covers for their plants, machinery, and properties are here to stay, as the Delhi High Court has dismissed a petition of pharma majors — Cadila Healthcare, Wockhardt, Biocon and Lupin — against the new rates of state owned reinsurer, General Insurance Corporation of India (GIC Re).The companies were aggrieved by the steep rise in the insurance premium. According to brokers, insurers offered 80 to 99 per cent discount to corporate clients on the erstwhile tariff rates for FLEXA covers (policy covering fire, lightning explosion/implosion and aircraft insurance) while charging some premium for providing cover for natural Panel Sawing Machine Manufacturers catastrophes. However, corporates, on the other hand, were able to enjoy low rates for more than a decade.32 crore.

For instance, the petition from Wockhardt Limited said that it had bought an annual insurance policy from private insurer Future Generali India Insurance Company Limited paying a premium of Rs 1.However the court, in its order dated April 12, noted that insurance companies are required to mandatorily re-insure only 5 per cent of the risk covered by them and "the premise that GIC had fixed the insurance premium chargeable by various general insurance companies, is erroneous and the petitioners challenge founded on this premise must necessarily fail."GIC Re, the country’s largest reinsurer, passed an endorsement via circulars on February 12 and 21, stating that insurers wanting to utilise its treaty (an arrangement where capital is pooled by various reinsurers to provide reinsurance support to insurance companies) will have to quote higher premium rates effective March 1 for providing covers to companies in eight sectors that were reporting high claims.Justice Vibhu Bakhru of the Delhi High Court, while dismissing the petition of pharma companies last month, said that "Plainly, it would not be permissible for this court to supplant its opinion regarding quantum of premium that ought to be charged by GIC."The non-life insurance sector was de-tariffed in 2007, after which insurers competed with each other on rates to gain market share but this resulted in underwriting losses.A petition was filed by top companies engaged in manufacturing and distributing of pharmaceuticals, seeking a judicial review into the quantum of the premium fixed by GIC Re for providing reinsurance to various insurance companies. As a result, companies saw a three- to nine-fold rise in their insurance cost.. The new rates were based on claims data with the Insurance Information Bureau, an insurance data repository.

GIC is fully entitled to determine the rates at which it offers re-insurance in respect of risks covered by various insurance companies.The sectors were those engaged in manufacturing rubber goods, plastics, textiles, chemical manufacturing below 32 degrees centigrade flashpoint, transporters’ godowns, steel plants and thermal power plants.32 crore to Rs 5. As per the circular from GIC Re, all non-life insurance companies were told to add the cost of procurement/management costs to the IIB-identified rates and then quote accordingly to their corporate clients. However, on account of the impugned circulars issued by GIC Re, the said premium has increased steeply from Rs 1. The counsel appearing for the pharma companies argued that the GIC circulars insisting upon the premium to be charged by insurers curtailed the freedom of the insurers to charge insurance premium as per their discretion, and was unfair exercise of the dominance enjoyed by GIC Re.83 crore, excluding GST

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+ نوشته شده در 1399/1/7ساعت 5:51 توسط centeseries | تعداد بازديد :3 |

A plane carrying Congress president Rahul

Congresss communications in-charge Randeep Surjewala said, "Rahul Gandhi landed safely. "It was learnt that the autopilot of the aircraft was not functioning," it said."Shutdown of auto pilot (mode) incidents are not uncommon. "Serious questions related to intentional tampering with the aircraft cannot also be brushed aside and are requested to be addressed and investigated," the letter read. According to the operators report, it was a snag of auto pilot mode and the pilot shifted to the manual (mode) and (the aircraft) landed safely.. The plane suddenly tilted heavily on the left side and the altitude dipped steeply with violent shuddering of the aircraft body at 10.The plane landed at the Hubbali airport around 11.

Another complaint has been filed with the DGCA, demanding a thorough inquiry into the incident, Surjewala added. She said, "We have registered a complaint under Section 287 (negligent conduct with respect to machinery) and 336 (act endangering life or personal safety of others) of the IPC.. a serious accident was averted today."It was apparent from the suspicious and faulty performance of the aircraft that the incidents of shuddering and altitude dipping were not natural or weather-related, but were due to some technical snag. "The crew was also apparently petrified and admitted that the flight was particularly frightening composite board sawing machine manufacturers and uncommon," it said." He said a complaint has been sumbitted to the DGP Karnataka asking him to look into all aspects of the "serious, horrific incident", including foul play if any.25 am in the third attempt.The letter said a "clankish noise" was clearly audible from one side of the plane throughout the shuddering of the aircraft body.., according to the letter. The letter said multiple "unexplained" technical snags coupled with the failure of the auto pilot system raised serious issues of aviation safety and possible and intentional tampering with aircraft which endangered the life of its occupants. For any VIP flight, the DGCA examines it in detail.The letter said the weather was normal and not windy according to the passengers." The complaint that names the two pilots was filed by KPCC General Secretary Shakir Sanadi, she said.," it said.

A senior DGCA official said, "The operator has reported the incident to us (DGCA)."A thorough examination of the structural and mechanical elements of the aircraft, the surrounding circumstances of the flight and the persons attached with maintenance of the aircraft is required in order to assess the incident," it said.45 am, Gandhis close aide Kaushal Vidyarthi wrote in a letter to state DGP Neelmani N Raju. "Yes, we have received a complaint about some unexplained turbulence of the aircraft," Renuka Sukumar, DCP (Law and Order), Hubbali-Dharwad Police said.Bengaluru: A plane carrying Congress president Rahul Gandhi on Thursday developed a technical snag with the party demanding a probe into the "suspicious and faulty performance" of the aircraft before landing at the Hubballi airport in north Karnataka.. He said it was unprecedented that a flight carrying an SPG protectee would develop a snag.Gandhi is on a two-day visit to poll-bound Karnataka to campaign for the party candidates in the districts of Uttara Kannada, Dahskina Kannada, Kodagu and Mysuru.. We shall do that here also," the official said.Citing the report from the Air Traffic Controller, a senior official at the Hubbali airport said the plane had landed safely. The Directorate General of Civil Aviation said in New Delhi that it would examine the issue, while the police said they have registered a complaint. Gandhi maintained his composure and tried to calm the co-passengers down, he said

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+ نوشته شده در 1398/12/28ساعت 5:39 توسط centeseries | تعداد بازديد :4 |

Transfer of Technology (ToT) from France

Submariners also explained that technical aspects such as stealth features, noise levels, magnetic/electromagnetic data are something that undergo change over time. Published figures and actual performance figures therefore vary seasonally too. They are different at different speeds, depths, seawater and saline conditions. This offers us scope to tweak those systems. "We have tropical waters unlike the waters in the temperate and higher latitudes for which, the French, German, US and British submarines are built. The first Scorpene, the INS Kalvari, began ‘sea trials’ in May this year while the second, INS Khanderi, is being prepared to be launched by the MDL later this year.India is now unlikely to give French defence contractor DCNS an order for three additional submarines that the latter had offered, apart from the six already being built at the city-based Mazagon Docks Limited (MDL) as part of the P-75 project, as a fallout of the Scorpene project’s leak. As regards the seriousness of the leak itself, Navy officers are not worried after many serving and retired submariners who reviewed the leaked documents for The Asian Age, characterised the performance characteristics published in The Australian as "generic", which are already available on the internet. Officers explained that the physical traits undergo changes over time and are subject to upgradation during ‘refits’ and ‘Mid-Life Upgrades’ (MLUG).

They are so distinct that even the acoustic signatures for two vessels of the same class are not the same," said another submarine officer. France is again offering the Scorpene, along with several other contenders that include Russia (Amur submarines), Sweden (Gotland), Japan (Soryu), Germany (HDW Type 214) and Spain (Navantia S-80). Another officer pointed out that the documents published in The Australian date back to even before the contract between India and France was signed in 2005. Commodore PR Franklin (retd), a former submariner, who has authored a book chronicling the history of the Soviet-origin ‘Foxtrot’ class submarines, titled ‘Foxtrots of the Indian Navy’, concurs with these views. "We are constructing the boats in India itself, unlike Chile or Australia, which are buying them off the shelf from the French. Hence even classified and actual figures of performance would be vastly different," Mr Franklin said. Thus, the Scorpene strength with the Indian Navy — as per the original Project-75 programme — might remain only at six.

The first submarine, Kalvari, hasn’t even been inducted yet while the rest will be released to the Indian Navy at the rate of one per year by 2020. The Mumbai-based MDL, which is constructing the boats under a Transfer of Technology (ToT) from France, is expected to release all the boats to the Indian Navy by 2020. So each of them is a full decade and a half away from reaching the MLUG and refit stage," said an active-duty Captain-rank officer from the submarine arm. The papers carried information on the submarines’ intelligence gathering frequencies, Sonar, sound and acoustic characteristics, magnetic/electromagnetic behaviour and weapons data etc. The performance deteriorates drastically when they operate in warmer and more saline waters. "The number of Scorpene boats under the P-75 will remain only six now owing to the scare Woodworking Machine Suppliers generated by the leak," said a senior defence official, privy to the developments. However, the leak will not affect DCNS’s prospects for the recent Rs 60,000 crore plus Project-75 India programme (P-75I), where foreign shipbuilders will build six more conventional submarines in India itself in partnership with an Indian shipyard.. "A submarine’s noise is a result of its on-board machinery and propeller configurations

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+ نوشته شده در 1398/12/23ساعت 4:31 توسط centeseries | تعداد بازديد :8 |

A special court on Wednesday decided

Special public prosecutor Raja Thakre informed the judge that the police are unable to make the arrangements of video recording in the near future and therefore the time may be granted. The grant or refusal of this application would not meet the ends of justice. Therefore, this court has no option, but to proceed without video recording.The judge observed that, "In is clear that though the video recording of the present proceeding requ-ires to be done, it is not possible due to non-availability of the infrastructure.The judge in his order observed that the advocate for informant — Gunratan Sadavarte —unnecessarily raised the issue of video recording. It would certainly help the concerned authorities to think over the issue seriously and expeditiously and to take steps for providing infrastructures," said the judge.Applicant’s lawyer Abad Ponda had contended that provision makes video recording necessary for the trial and not for hearing bail pleas.

"Advocate Sadavarte has claimed that the state and the police machinery were "not serious" in respect of atrocities being done to people belonging to SC/ST.The court on June 10 had asked the police to make arrangements for video recording of court proceedings in this case as per provisions of SC/ST (POA) Act. Special judge Purusho-ttam Jadhav held that the bail pleas of arrested doctors — Hema Ahuja, Bhakti Mehare and Ankita Khandelwal —would be heard without video recording due to ‘unavailability’ of infrastructure. However, the police informed the court that it has written to commissioner of police, DGP and the government for the same and their response was awaited.." The judge further said,"It would not cause any prejudice to the interest of the informant.

"His submission brought the issue on front.Mumbai: A special court on Wednesday decided that the bail proceedings of three doctors arrested in connection with Dr Payal Tadvi’s death case could be heard without video recording. The bail application requires to be decided expeditiously.In light of advocate Sadavarte’s arguments the judge had observed that despite the amendment for video recording came into force a couple of years ago, still thousands of cases are being conducted Carpenter CNC Machine Manufacturers without video recording

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+ نوشته شده در 1398/12/8ساعت 7:03 توسط centeseries | تعداد بازديد :3 |

عناوين مطالب پربازدید
Transfer of Technology (ToT) from France
A plane carrying Congress president Rahul
GIC is fully entitled to determine the rates at which
A special court on Wednesday decided